Running a small business has many advantages, but it also has drawbacks. For example, you have to take your focus away from running your business to taking care of the books and the payroll. While these two activities are fundamental to your business, many small business owners don’t like having to do them … and they’re not very good at these tasks either.
Consider hiring a third-party payroll service . Payroll services in Canada examine your income tax withholding criteria and track items like insurance premiums and pensions. To run your small business efficiently, use your time to focus on what’s best for your company.
Once you’re ready to hire a third-party payroll service, find a TaxAssist Accountants office near you. They’re small business experts who handle every aspect of your payroll.
What Do Payroll Services Cover?
A payroll service helps you control your employee working hours, while preserving employee payroll records. Small business payroll services manage employee time off through an employee calendar provided by the payroll portal. TaxAssist Accountants provide you with a customized payroll service to:
- Track benefits accrual for each employee
- Make sure payments to employees are accurate and on time
- Notify you as early as possible when problems arise
How Can My Small Business Benefit from Payroll Service?
Your employees expect their pay to be deposited and/or paid to them via cheque on time and their deductions to be correct. If you opt to perform your own payroll, you have to slave over the numbers and ensure all the numbers are correct. Small enterprises like yours must concentrate on the business of running your business. You don’t have time to research payroll deductions, benefit deductions, etc.
Outsourcing to a payroll service provider not only saves you time, but also saves you the worry of doing payroll. TaxAssist Accountants meet all deadlines, completes all calculations on time and ensures that all taxes are in accordance with current Canadian requirements. The best payroll service in Canada understands that payroll is more than simply managing cheques, payroll deposits and taxes, so they also:
- Save you time
- Double-check your payroll
- Help you get organized
Can I Handle My Payroll Services Myself?
While running a small business, you have the option of doing payroll yourself, but if you rush through it, you increase the risks, errors and problems that can impact the business in the long run. Doing it yourself is:
- Difficult to manage
Because you work on so many other tasks, you may not be able to meet your Canada Revenue Agency withholding, remitting and tax form duties and deadlines. It’s difficult for you to stay current on tax filings and current government obligations. Let an expert do it for you.
Contact TaxAssist Accountants for professional payroll services in Canada and receive a free consultation via video chat or in person. A payroll services expert can help you grow your small business. This firm understands what you require, and you receive a fixed quote to help persuade you that this is what you need for your business.
Date published Sep 12, 2022This article contains general information only and should not be relied upon for accuracy or completeness. You should seek appropriate tax or accounting advice from a qualified accountant before you take, or refrain from taking, any steps based upon this article. This article should not be construed as tax, accounting or other professional advice and QX Franchise Limited (Master Franchisee for TaxAssist in Canada) disclaims liability for any loss, howsoever caused, arising directly or indirectly from reliance on the information in this article.
Choose the right accounting firm for you
Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?
We specialize in supporting independent businesses. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.
We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 3 locations, meet with us online through video call software, or talk to us by telephone.
Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.